Bank of New York Mellon Corp Boosts Stake in Ouster, Inc. (NYSE:OUST)

Bank of New York Mellon Corp lifted its holdings in shares of Ouster, Inc. (NYSE:OUST) by 1.1% during the fourth quarter, Holdings Channel reports. The fund owned 101,959 shares of the company’s stock after purchasing an additional 1,074 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ouster were worth $1,246,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of OUST. New York State Common Retirement Fund increased its position in shares of Ouster by 25.8% in the 4th quarter. New York State Common Retirement Fund now owns 759,491 shares of the company’s stock worth $9,281,000 after purchasing an additional 155,640 shares during the last quarter. Geode Capital Management LLC increased its holdings in Ouster by 6.8% in the third quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock valued at $6,146,000 after buying an additional 62,202 shares during the last quarter. Stifel Financial Corp raised its stake in Ouster by 286.7% during the third quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock valued at $376,000 after buying an additional 44,275 shares in the last quarter. Barclays PLC lifted its holdings in Ouster by 280.6% during the 3rd quarter. Barclays PLC now owns 57,330 shares of the company’s stock worth $361,000 after buying an additional 42,267 shares during the last quarter. Finally, State Street Corp grew its position in shares of Ouster by 2.4% in the 3rd quarter. State Street Corp now owns 1,649,540 shares of the company’s stock worth $10,392,000 after acquiring an additional 37,926 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

Ouster Trading Up 31.9 %

Shares of NYSE:OUST opened at $11.05 on Monday. The company has a 50 day moving average of $9.40 and a 200-day moving average of $8.96. The firm has a market cap of $549.97 million, a P/E ratio of -4.30 and a beta of 2.38. Ouster, Inc. has a twelve month low of $4.92 and a twelve month high of $16.88.

Analysts Set New Price Targets

Several research analysts have recently commented on OUST shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $17.00 price target on shares of Ouster in a report on Friday. Westpark Capital started coverage on Ouster in a research note on Monday, March 17th. They issued a “hold” rating for the company. Cantor Fitzgerald increased their price target on Ouster from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday. Northland Capmk upgraded Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Finally, Northland Securities started coverage on Ouster in a research report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 target price on the stock. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Ouster currently has an average rating of “Moderate Buy” and an average price target of $13.33.

About Ouster

Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.